Ashfield Capital Partners LLC grew its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 28.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,088 shares of the credit services provider’s stock after acquiring an additional 5,506 shares during the quarter. Ashfield Capital Partners LLC’s holdings in Paypal were worth $1,847,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI boosted its holdings in shares of Paypal by 230.4% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after acquiring an additional 1,000 shares during the period. Front Row Advisors LLC acquired a new position in shares of Paypal during the fourth quarter valued at $111,000. San Francisco Sentry Investment Group CA boosted its holdings in shares of Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after acquiring an additional 1,217 shares during the period. D Orazio & Associates Inc. boosted its holdings in shares of Paypal by 142.9% during the fourth quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock valued at $125,000 after acquiring an additional 1,000 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Paypal during the third quarter valued at $113,000. 82.48% of the stock is owned by institutional investors.
Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $79.41 on Thursday. Paypal Holdings Inc has a 1 year low of $41.74 and a 1 year high of $86.32. The company has a market cap of $95,300.00 and a PE ratio of 49.02.
Several equities analysts have recently issued reports on PYPL shares. BidaskClub downgraded shares of Paypal from a “strong-buy” rating to a “buy” rating in a report on Monday, December 25th. Goldman Sachs Group reissued a “buy” rating and set a $90.00 price target (up previously from $80.00) on shares of Paypal in a report on Thursday, December 21st. Deutsche Bank upped their price objective on shares of Paypal to $88.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Zacks Investment Research downgraded shares of Paypal from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $85.00 price objective (up previously from $74.00) on shares of Paypal in a report on Friday, November 17th. Nine research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. Paypal has a consensus rating of “Buy” and an average price target of $76.97.
In related news, Director Rodney C. Adkins acquired 6,750 shares of the business’s stock in a transaction on Friday, December 8th. The shares were purchased at an average price of $74.04 per share, for a total transaction of $499,770.00. Following the acquisition, the director now owns 10,149 shares in the company, valued at $751,431.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO William J. Ready sold 60,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $77.68, for a total value of $4,660,800.00. Following the sale, the chief operating officer now owns 95,944 shares in the company, valued at approximately $7,452,929.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,739 shares of company stock worth $12,811,076. Corporate insiders own 6.00% of the company’s stock.
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PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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